Tuesday, 6 December 2022
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Our researches and analysis on Government Finance
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Currency settlement mechanism strengthens Korea’s financial system

David Puth, Chief Executive Officer at CLS, welcomes the Bank of Korea’s call to expand protection from settlement risk in foreign exchange and highlights the efficiency and operational benefits of CLS to non bank financial institutions.

     
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Half successful and half failed: The $1 billion cyber hacking attempt on Bangladesh…

An anti-money laundering law that did not cover casinos. A weekend and a holiday in the targeted banks in at least three countries. A Swift system that worked. And human slip-ups that rang alarm bells but also consummated the biggest documented…